Maitreya Medicare Limited IPO

Price
₹78 - ₹82
Lot
1600
Subs.
446.79
Expected Listing Earning

Exp. Premium(GMP):
42.00(51.22%)
IPO Details

Open Date: 27-Oct-2023
Close Date: 01-Nov-2023
Allotment Date: 06-Nov-2023
Listing Date: 07-Nov-2023
Listing Price: ₹149.4/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹78-82 Per Equity Share
Issue Size: Total Issue Size 1,816,000 shares (aggregating up to ₹14.89 Cr) : Fresh Issue 1,816,000 shares (aggregating up to ₹14.89 Cr)
Market Lot (Min Amount): Retail - ₹131,200 : HNI - ₹262,400
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved329,600272,000611,2001,212,800
Day 1 - 27-10-23 
05:00 PM
11.55x18.85x32.55x23.77x
Day 2 - 30-10-23 
05:00 PM
18.52x63.65x126.88x83.25x
Day 3 - 31-10-23 
05:00 PM
25.09x94.45x203.13x130.37x
Day 3 - 01-11-23 
05:00 PM
85.41x744.03x509.40x446.79x
Total No. of Application:194,589 (Approx.)
Retail Subscription on the basis of Apps:509.40x
Valuations

Earning Per Share(EPS)7.93/-
P/E Ratio10.34
RoNW45.49%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20232,749.893,994.91422.65
31 Mar,20222,448.794,974.41113.63
31 Mar,20212,527.235,704.44424.34
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding73.20%
Company Promoter(s)
1. Dr. Narendra Singh Tanwar
2. Dr. Pranav Rohitbhai Thaker
3. Mr Vimalkumar Natverlal Patel
Issue Objective(s)

The hospital intends to utilize the proceeds of the Issue to meet the following objectives:

1. Making investment through Equity in the subsidiary named 'Maitreya Hospital Private Limited' for setting up a Hospital at Valsad, Gujarat.

2. Redemption of part of issued Non-Convertible Redeemable Preference Shares

3. Working Capital requirements of the company

4. General Corporate Purposes.

About Company

Incorporated in 2019, Maitreya Medicare Limited is a multispeciality hospital situated in Surat, Gujrat. The main focus of the hospital is multi-disciplinary integrated healthcare services, with primary secondary & tertiary care. Maitreya Medicare offers a comprehensive range of healthcare services across over 18 specialties and super specialties, including Cardiology, Urology, Laparoscopic Surgery, Oncology, Neurosurgery, Spine Surgery, Neurology, Nephrology including Dialysis, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery including joint replacements and Arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Billary Surgery, Critical Care Medicine, etc.

As of 2023, the hospital has a 125-bed capacity under the leadership of Dr. Narendra Singh Tanwar, founder, Promoter, CFO, and Managing Director of the hospital, Dr Pranav Rohitbhai Thaker, Promoter & whole-time director, and Mr. Vimal Patel, Promoter & Whole Time Director.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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